GOI/Govt. Licenses $1.1b of Proposals in Bali

The government licensed Rp10.5 trillion ($1.1 billion) worth of investment proposals in Bali last year, confirming investors' high interest in doing business in the island.

The investment proposals consisted of domestic investment worth Rp8.5 trillion and foreign investment worth Rp2 trillion, the local office of Bank Indonesia (BI) said in its report on regional economic studies on Tuesday (17/4/07).